A powerful U.S. business lobby group on Wednesday launched a campaign against what it called President Barack Obama's "avalanche" of new regulations and warned these were costing American jobs.Full story

President Obama's negotations with the Republicans over the Bush tax cuts have many wondering if he has abandoned the far left, with Sen. Evan Bayh, (D-IN); Sen. Judd Gregg, (R-NH); and Scott Sperling, Thomas H. Lee Partners.